US Solar installs to get 40% boost on climate law, report says

The IRA is going to transform America’s energy economy, and the forecasts show a wave of clean energy and manufacturing investments

President Joe Biden’s sweeping climate legislation is expected to boost US solar installation, but lingering bottlenecks in the global supply chain and trade issues mean most gains won’t be realized until 2024.

Clean-energy developers are forecast to install more than 215 gigawatts of solar panels during the next five years, according to a report published Thursday from the Solar Energy Industries Association and Wood Mackenzie. That’s 40% more than the Washington-based trade group expected without the Inflation Reduction Act, the climate-friendly bill signed into law last month.

Click here to read the full article
Source: Bloomberg

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Wood Mackenzie found that reaching 100% renewable electricity would require adding 200,000 miles of high-voltage transmission linesHow states are reimagining power grids to take advantage of wind and solar
LA-region city and other groups published a road map to hasten greenhouse gas emissions reductions in advance of the Summer Olympics 2028.Los Angeles region to accelerate clean energy efforts in run-up to 2028 Olympics
Date Creek rancher Savannah Figueroa is using federal dollars to reduce her carbon footprint while growing her business.Arizona rancher switches to solar energy thanks to federal funding
Secretary Deb Haaland announced that the Interior Department is advancing 15 onshore renewable energy projects across the West.Interior Department advances 15 onshore clean energy projects
New data from the SEIA on private investment suggests the law's subsidies for manufacturing and generation are significantly boosting industry activity levels.The new climate law is upending the solar landscape
Redflow Limited will be the battery provider for a 34.4 MWh long-duration energy storage & solar microgrid to power a hospital in California.Microgrid with long-duration energy storage to help power CA children’s hospital
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *